Hong Kong is one of the major financial centers in Asia that is also traditionally used by businessmen as economic gateway to the Chinese market.
Hong Kong was a British colony until 1997, when it became a special administrative region of China under a special agreement between the UK and China. In connection with that event, many businessmen all over the world predicted thorough changes in capitalist regime of Hong Kong. However, despite actual change of the political status of Hong Kong, mainland China observes the principle known as "one country, two systems", and today Hong Kong continues to be a paragon of capitalism and a popular jurisdiction for registration of tax-free companies; in particular for businessmen who co-operate with business partners from the Far East countries.
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